Right. I get that an “investment” to someone like me is different to someone will larger savings, bigger salary, and greater buying capacity.
I was using the term “investment” to mean being able to sell a condo for more than I bought it for in 5-10 years. If it is not possible to do so, please educate me on the subject or point me towards a resource.
The people who we rent from now are doing this– the condo we live in this their “kid’s college fund”. They bought a “lower end unit” (it is actually pretty nice…and so far we have been able to not seriously damage the place…lol!) and lived in it for 5 years before using the equity plus their savings to buy a home.
